Global Retirement Partners LLC Decreases Stock Holdings in Halliburton (NYSE:HAL)

Global Retirement Partners LLC lowered its stake in Halliburton (NYSE:HALFree Report) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,873 shares of the oilfield services company’s stock after selling 521 shares during the quarter. Global Retirement Partners LLC’s holdings in Halliburton were worth $264,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HAL. Meadow Creek Wealth Advisors LLC purchased a new stake in Halliburton during the fourth quarter valued at $203,000. Ellsworth Advisors LLC purchased a new stake in shares of Halliburton during the 4th quarter valued at about $443,000. Saxon Interests Inc. bought a new position in shares of Halliburton in the 4th quarter worth approximately $912,000. Great Lakes Retirement Inc. boosted its holdings in shares of Halliburton by 5.7% in the fourth quarter. Great Lakes Retirement Inc. now owns 18,870 shares of the oilfield services company’s stock worth $682,000 after buying an additional 1,010 shares during the last quarter. Finally, Procyon Advisors LLC bought a new stake in Halliburton during the fourth quarter valued at approximately $206,000. 85.23% of the stock is currently owned by hedge funds and other institutional investors.

Halliburton Stock Down 0.1 %

HAL opened at $39.91 on Wednesday. The company has a market capitalization of $35.52 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 0.99 and a beta of 2.00. The firm has a 50-day simple moving average of $36.29 and a two-hundred day simple moving average of $37.48. The company has a quick ratio of 1.48, a current ratio of 2.06 and a debt-to-equity ratio of 0.81. Halliburton has a 52 week low of $27.84 and a 52 week high of $43.85.

Halliburton (NYSE:HALGet Free Report) last posted its earnings results on Tuesday, January 23rd. The oilfield services company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The company had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.78 billion. Halliburton had a return on equity of 31.59% and a net margin of 11.46%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.72 earnings per share. Analysts forecast that Halliburton will post 3.43 earnings per share for the current fiscal year.

Halliburton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were given a $0.17 dividend. This is an increase from Halliburton’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Tuesday, March 5th. Halliburton’s payout ratio is currently 23.21%.

Insider Buying and Selling

In other Halliburton news, Director Margaret Katherine Banks sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total transaction of $176,500.00. Following the sale, the director now directly owns 9,625 shares in the company, valued at $339,762.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Jeffrey Allen Miller sold 377,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $35.30, for a total value of $13,308,100.00. Following the sale, the chief executive officer now directly owns 759,015 shares in the company, valued at $26,793,229.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Margaret Katherine Banks sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $35.30, for a total value of $176,500.00. Following the completion of the sale, the director now owns 9,625 shares in the company, valued at $339,762.50. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HAL shares. UBS Group increased their price target on shares of Halliburton from $44.00 to $48.00 in a research report on Monday, January 22nd. Susquehanna reissued a “positive” rating and set a $49.00 price target on shares of Halliburton in a report on Tuesday, February 13th. StockNews.com downgraded Halliburton from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Atb Cap Markets cut Halliburton from an “outperform” rating to a “sector perform” rating in a research report on Friday, December 22nd. Finally, Barclays decreased their target price on shares of Halliburton from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.63.

Get Our Latest Research Report on HAL

Halliburton Profile

(Free Report)

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.

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Institutional Ownership by Quarter for Halliburton (NYSE:HAL)

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